Cibc World Markets Corp Purchases New Stake in Zuora, Inc. (NYSE:ZUO)

Cibc World Markets Corp acquired a new position in shares of Zuora, Inc. (NYSE:ZUO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,063 shares of the company’s stock, valued at approximately $130,000.

Several other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. increased its position in shares of Zuora by 274.9% during the third quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock worth $571,000 after acquiring an additional 48,601 shares in the last quarter. Intech Investment Management LLC bought a new stake in Zuora during the 3rd quarter worth approximately $305,000. Charles Schwab Investment Management Inc. increased its holdings in Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock worth $9,942,000 after purchasing an additional 4,432 shares in the last quarter. Algert Global LLC raised its stake in shares of Zuora by 96.6% in the third quarter. Algert Global LLC now owns 228,855 shares of the company’s stock worth $1,973,000 after purchasing an additional 112,420 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Zuora by 38.4% in the third quarter. FMR LLC now owns 246,499 shares of the company’s stock valued at $2,125,000 after purchasing an additional 68,338 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Stock Performance

Shares of Zuora stock opened at $10.02 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The stock has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.72. Zuora, Inc. has a 12-month low of $8.20 and a 12-month high of $10.85. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00.

Insiders Place Their Bets

In related news, insider Peter Hirsch sold 25,664 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52. Following the transaction, the insider now directly owns 43,615 shares in the company, valued at approximately $433,096.95. The trade was a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tien Tzuo sold 48,569 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $482,290.17. Following the completion of the sale, the chief executive officer now owns 110,576 shares of the company’s stock, valued at approximately $1,098,019.68. This trade represents a 30.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,868 shares of company stock valued at $2,064,908 in the last three months. 8.62% of the stock is currently owned by insiders.

About Zuora

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.